US Small Cap Value Portfolio


Inception Date
March 2, 1993 		Ticker Symbol
DFSVX		 CUSIP Number
233-203-819

The US Small Cap Value Portfolio is a no-load mutual fund designed to capture the returns and diversification benefits of a broad cross-section of US small value companies, on a market-cap weighted basis. The Portfolio invests in securities of US companies with market capitalizations within the smallest 10% of the market universe or smaller than the 1,000th largest US company, whichever results in a higher market capitalization break. The market universe is comprised of companies listed on the New York Stock Exchange, American Stock Exchange, and NASDAQ National Market System. After identifying the aggregate market capitalization break, a value screen is applied to the universe. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). This BtM sort excludes firms with negative or zero book values. In assessing value, additional factors such as price to cash flow or price to earning ratios may be considered, as well as economic conditions and developments in the issuer's industry. The criteria for assessing value are subject to change from time to time.

For a full description, please consult the Portfolio's prospectus.

Prices
Updated Daily
 
Date Closing Price NAV Change $ NAV Change %
May 13, 2008 $23.46 $0.14 0.60%

These Net Asset Values ("NAVs") have been prepared by the fund accounting agent. Dimensional Fund Advisors reserves the right to restate these NAVs, if necessary, at any time.


Performance
 
Updated Daily
Total Returns Year-to-Date
As of May 13, 2008 -1.21%


Updated Monthly
Total Returns One Month Three Month Year-to-Date
As of April 30, 2008 1.66% -0.40% -4.32%
 
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of April 30, 2008 -18.62% 16.97% 9.70% 13.43%


Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of March 31, 2008 -18.50% 18.95% 9.73% 13.39%

Performance data represents past performance. Past performance is no guarantee of future results, and current performance may be higher or lower than the performance displayed. The investment return and principal value of an investment will fluctuate such that an investor's shares, when redeemed, may be worth more or less than their original cost. Total returns include reinvestment of dividends and capital gains and are net of all fees and expenses. Prior to April 2002, certain international equity portfolios charged a reimbursement fee to the purchasers of shares of those portfolios.


Annual Expenses Total Operating
Expense Ratio		 Net Expense Ratio
(to investor)
As of November 30, 2007 0.52% 0.52%



Distributions
Last 12 Months
 

Type		 Amount per Share Record Date Ex-dividend Date Payable Date Ex-dividend Price
Dividend $0.0830 3/7/2008 3/10/2008 3/13/2008 $21.08
Dividend $0.0350 12/18/2007 12/19/2007 12/24/2007 $23.55
LT Capital Gain $2.2680 12/18/2007 12/19/2007 12/24/2007 $23.55
Dividend $0.1170 9/7/2007 9/10/2007 9/13/2007 $27.90
Dividend $0.0840 6/7/2007 6/8/2007 6/13/2007 $31.72


Top Holdings
 

As of April 30, 2008
% of Portfolio
EXTERRAN HOLDINGS INC 1.75
WHITING PETROLEUM CORP 1.28
TERRA INDUSTRIES INC 1.08
ENCORE ACQUISITION CO 1.00
COMSTOCK RESOURCES INC 0.91
SWIFT ENERGY CO 0.84
STONE ENERGY CORP 0.77
PENSKE AUTO GROUP INC 0.77
WERNER ENTERPRISES INC 0.76
ESTERLINE TECHNOLOGIES CORP 0.75
QUANTA SERVICES INC 0.72
SKYWORKS SOLUTIONS INC 0.71
MINERALS TECHNOLOGIES INC 0.70
UNIVERSAL CORP/RICHMOND VA 0.68
PERFORMANCE FOOD GROUP CO 0.66
TRINITY INDUSTRIES INC 0.65
SCHOLASTIC CORP 0.64
MKS INSTRUMENTS INC 0.62
FIRST NIAGARA FINANCIAL GROUP INC 0.59
ARVINMERITOR INC 0.59
Total 16.47


Sector Allocations
 
As of April 30, 2008 % of Portfolio
Consumer Discretionary 18.0
Consumer Staples 4.2
Energy 10.8
Financials 21.8
Health Care 4.4
Industrials 17.2
Information Technology 16.1
Materials 6.3
Other 0.0
Telecommunication Services 0.3
Utilities 0.8
Total 100.0

Sectors defined by MSCI.


View proxy vote filings.

Market Risk
Even a long-term investment approach cannot guarantee a profit. Economic, political, and issuer-specific events will cause the value of securities, and the funds that own them, to rise or fall. Because the value of your investment in a fund will fluctuate, there is a risk that you will lose money.

Small Company Risk
Securities of small firms are often less liquid than those of large companies. As a result, small company stocks may fluctuate relatively more in price.

Dimensional Fund Advisors is an investment advisor registered with the Securities and Exchange Commission. Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read the prospectus carefully before investing. Prospectuses are available by calling Dimensional Fund Advisors collect at (310) 395-8005; on the Internet at www.dimensional.com; or, by mail, DFA Securities Inc., c/o Dimensional Fund Advisors, 1299 Ocean Avenue, Santa Monica, CA 90401.

Mutual funds distributed by DFA Securities Inc.